GPS Log Book is now ATO approved!

The ATO has provided us with a public Class Ruling (CR 2014/2) for the purposes of the Taxation Administration Act 1953. This means that the product can now officially be used for tax log book purposes (both personal and FBT) and that, when audited, you would be able to refer your local ATO office to the Class Ruling.

Ruling:
25. The Vehicle Tax Period Report will enable the log book method in Subdivision 28-F of the ITAA 1997 to be used provided:

  • there is written evidence of the car expenses which satisfies the requirements of Subdivision 900-E of the ITAA 1997;
  • the data is transferred to the GPS Log Book website and reviewed at least once a week;
  • the reason recorded for each business journey is sufficiently descriptive of the purpose of the journey so as to enable the journey to be classified as a business journey.

26. The Vehicle Tax Period Report will satisfy the requirements of section 10A of the FBTAA provided:

  • the data is transferred to the GPS Log Book website and reviewed at least once a week;
  • the purpose of each business journey is sufficiently descriptive to enable the journey to be classified as a business journey.

You can also download the Class Ruling in PDF format from here: http://law.ato.gov.au/pdf/pbr/cr2014-002.pdf